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    2015 Roane State Hwy Harriman, TN 37748

    Sponsored
    For Sale
    $2,400,000

    4.25 Acres, High-Traffic Location, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.25-acre commercial land parcel presents a prime development opportunity in Harriman, Tennessee. Strategically located on the "am" side of Roane State Highway at a traffic signal, this site benefits from high visibility and convenient access. The property's location is further enhanced by the proximity to a new Kroger and Lowe's development in Midtown, ensuring a strong retail presence and high consumer traffic. The site's configuration allows for the creation of multiple outparcels, with shared access to Griffith Drive facilitated by the existing traffic signal. While the property requires fill material, the owner has readily available dirt nearby, offering a streamlined development process. The asking price for the land is $2,400,000, reflecting a land value of $682,352 per acre. For a turnkey solution, the owner will fill the site for a purchase price of $3,400,000. This versatile property is suitable for a variety of commercial uses, including hospitality, office, retail, retail-pad, and self-storage developments, making it an attractive investment opportunity with significant potential for future growth and return. The property is located at 2015 Roane State Hwy, Harriman, TN 37748.

    Property Features for 2015 Roane State Hwy

    General Information

    Property type
    Individual retail properties
    Lot Size
    185,130 SF

    HighLights

    • $2,400,000 asking price for 4.25 acres of land.
    • Located at 2015 Roane State Hwy, Harriman, TN 37748.
    • Zoned for Hospitality, Office, Retail, Retail‑Pad, and Self Storage uses.
    • Land value: $682,352/acre.
    • High‑traffic location with frontage on Roane State Highway at a traffic signal, near new Kroger and Lowe's.
    • Potential for multiple outparcels with shared access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harriman
    County
    Roane
    State
    Tennessee
    Longitude
    -84.549799
    Latitude
    35.8892888

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    FAQs

    What type of property is this?
    Individual retail property - 4.25 Acres, High-Traffic Location, Development Ready
    Where is this individual retail property located?
    The property is located at 2015 Roane State Hwy Harriman, TN.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: $2,400,000 asking price for 4.25 acres of land.; Located at 2015 Roane State Hwy, Harriman, TN 37748.; Zoned for Hospitality, Office, Retail, Retail-Pad, and Self Storage uses.
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    Harriman, TN 37748
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2015 Roane State Hwy Harriman, TN 37748
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